As we have spoken in another article of this editorial, we recommend SMEs to evaluate the possibility of investing in financial markets. One that is booming is that of cryptocurrencies, which are a type of digital currency in which there are no intermediaries; They do not need to be controlled by an official bank and the contact is person to person. Behind each currency there is a project that bets on development, to the future and the evolution of technology to meet human needs.
In this particular article, we want to leave readers information about what tax costs should face, in case of venturing into this world.
Cryptocurrencies pay the income tax. For those who do not operate under the regime of a companythe aliquot is 5% on the difference in the sale price except the acquisition cost if the transaction is made in pesos or 15% in foreign currency.
For the companies are taxed progressive established in the law, which varies according to the net profits accumulated in the fiscal period.
If, when selling cryptocurrencies, a loss (broken)this can be compensated only with future profits obtained by the same type of operation, that is, with the sale of other active crypto.
For people not constituted as companies, if the price of Bitcoin goes up while in your wallet, you should not pay income tax, unless you sell it.
On the contrary, for companies, the quotation changes are subject to taxes, taxing under the progressive scale of article 73 of the Profit Tax Law.
What happens in personal goods?
Nor are the quotation differences, but for their acquisition cost, increased to correspond, to 12/31 of each year.
What happens to VAT?
The proper sale of Crypt Active does not pay, but the provision of the intermediation service in the sale by which a commission is charged, is reached.
From IB accounting study we believe that the best way to manage the remaining money of your business is diversifying the investment portfolio, but we remind you that it is the responsibility of each person to be aware and evaluate the risk it entails.
We recommend that you investigate this issue since cryptocurrencies are part of the economic future and came to stay.
Ignacio Bárcena
WP: 11-58885350
IG: @ib_estudio_contable
By CEDOC
